Topping up to your loved ones’ CPF accounts helps them to build up more retirement savings and increases their monthly payouts in retirement. From 1 January 2025, recipients of cash top-ups who are eligible for the Matched Retirement Savings Scheme (MRSS) can also receive a matching grant of up to $2,000 per year (an increase from $600 per year) from the Government, which will further boost their retirement savings.

You may continue to enjoy tax relief of up to $16,000 a year for eligible cash top-ups that do not attract MRSS matching grants ($8,000 per year for top-ups to yourself and another $8,000 per year for top-ups to your loved ones).

Learn more on how this works.